Business tax: disposal of shares
lifeisstrange
Registered Posts: 27 Epic contributor 🐘
Hi everyone,
Could you please help with the following exercise from the Osborne elearning website?
"Clive purchased and sold shares in Deeco Limited as follows:
10 June 2002 Purchased 7,000 shares for £21,000
12 December 2012 Sold 1,500 shares for £4,800
2 January 2013 Purchased 9,800 shares for £32,830
31 March 2013 Sold all 15,300 remaining shares for £60,000
Calculate the gain or loss on the sale of shares on 12 December 2012?
Calculate the gain or loss on the sale of shares on 31 March 2013?"
Thank you.
Could you please help with the following exercise from the Osborne elearning website?
"Clive purchased and sold shares in Deeco Limited as follows:
10 June 2002 Purchased 7,000 shares for £21,000
12 December 2012 Sold 1,500 shares for £4,800
2 January 2013 Purchased 9,800 shares for £32,830
31 March 2013 Sold all 15,300 remaining shares for £60,000
Calculate the gain or loss on the sale of shares on 12 December 2012?
Calculate the gain or loss on the sale of shares on 31 March 2013?"
Thank you.
0
Comments
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I get the the first disposal as a £225 loss, and the second as a £11195 gain. Do they match the answers given? If so, and you need the answers explaining, just say.0
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I agree with NPS~ An investment in knowledge always pays the best interest ~Benjamin Franklin0
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Thank you Nps1976 and Jo Clark.
That's correct.
Could you please explain how you get those answers?0 -
The first disposal is taken from the 2 Jan 13 shares as they were purchased within 30 days of the sale.
10/6/12 7000 21000
12/12/12 (1500) (5025)
2/1/13 9800 32830
31/3/13 15300 48805
The first disposal cost 5025 (32830/9800*1500) and were sold for 4800
The second disposal cost 48805 and was sold for 600000 -
Ok thanks again. That's very nice.0
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